Produced water in oil & gas refers to the water comes out of reservoir during the production of crude oil or gas from the well. Large volumes of water is produced in oil reservoir as compared to gas reservoir. Such water usually contains hydrocarbons and metals. Therefore, needs to be treated before discharge to the surface. Produced water is treated through various methods such as primary separation method, secondary separation method and tertiary separation method. Secondary separation method is widely adopted separation method used for the treatment of produced water.
Produced water treatment market is anticipated to gain thrust with growing environmental concerns over water contamination coupled with stringent government regulation regarding disposal and treatment of produced water. Increasing exploration and production of oil & gas with growing demand for fossil fuel as source of energy across the globe is projected to augment the growth of the produced water treatment market over the forecast period. Moreover, increasing exploration of non-conventional shale gas reserves especially during hydraulic fracturing produces large amount for salt water containing six times salts and other hydrocarbons as compared to normal sea water. Thus, disposal of such water is regulated by stringent policies with the focus to avoid contamination of fresh water this in turn is anticipated to drive the demand for produced water treatment during the forecast period (2021-2029). However, water treatment is seen as the additional cost which adds up to per barrel cost of oil production coupled with high cost for the produced water treatment is expected to hamper the growth of produced water treatment market during the forecast period (2021-2029).
North America is expected to largest region in global produced water treatment market owing to stringent regulation regarding water treatment along with increasing exploration of non-conventional shale gas in the region is expected to drive the demand for produced water treatment during the forecast period. Asia Pacific is anticipated to grow at significant rate as water scarcity in the region is expected to influence the government to adopt stringent regulations to make water treatment mandatory which in turn is projected to fuel the demand for water treatment technologies over the forecast period (2021-2029).
Global produced water treatment market is expected to be valued at US$ 5.7 Bn by the end of 2020 and is projected to expand at a CAGR 6.3% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled Global Produced Water Treatment Market- Growth, Future Prospects & Competitive Analysis, 2021 – 2029 is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global produced water treatment market.
Target Audience
USP and Key Offerings
The report titled Global Produced Water Treatment Market- Growth, Future Prospects & Competitive Analysis, 2021 – 2029 offers strategic insights into the produced water treatment market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on separation method, source, application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading produced water treatment providers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global produced water treatment market growth, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
On the basis of applications, global produced water treatment technologies market is categorized into following types:
On the basis of applications, the global produced water treatment technologies market can be segmented into onshore and offshore
By application, onshore segment was the largest segment in 2020. High number of onshore proven reserves especially in the regions such as Middle East & Africa and other regions of the globe is driving the growth of the segment. Offshore segment is anticipated to be the fastest growing segment. The growth of the segment is augmented by increasing exploration and production activities of non- conventional shale gas in U.S. and Canada coupled with rise deep water drilling in U.S. Gulf of Mexico is anticipated to fuel the growth of the segment. The segment is projected to gain significant market share by 2029.
On the basis of separation method, global produced water treatment market is categorized into following types:
On the basis of separation method, the global produced water treatment market can be segmented as primary separation method, secondary separation method and tertiary separation method.
Among all Methods, secondary separation method segment was the largest segment in 2020. Wide adoption of secondary methods in treatment of produced water generated during oil production is expected to drive the demand of the segment during the forecast period (2021-2029). Tertiary separation segment is anticipated to be the fastest growing segment due to growing popularity of the tertiary methods for water treatment coupled with stringent government regulations regarding the disposal of produced water. The segment is anticipated to gain significant share in global produced water market by 2029. Secondary separation segment is expected to grow at moderate rate during the forecast period (2021-2029).
On the basis of Source, global produced water treatment market is categorized into following types:
On the basis of Source, the global produced water treatment market can be segmented into Crude Oil and Natural Gas.
Among source, crude oil was the largest segment in 2020. Increasing exploration and production of crude oil along with high number of proven reserves especially in Middle East and Africa and other regions of the globe is expected to drive the growth of the segment. The segment is expected to maintain its dominance and projected to grow at moderate during the forecast period.
Natural gas segment is anticipated to be the fastest growing segment due to increasing non-conventional shale gas exploration coupled with increasing deep water and ultra-deep water drilling activities in North America is anticipated to drive the growth of the segment. Further, growing inclination towards natural gas as the energy source especially in gas based economies influencing demand for natural gas which in turn will spur the exploration and production of natural gas reservoir leading to increase in production of produced water. This in turn is projected to fuel the growth of the segment. The segment is anticipated to gain significant market share by 2029.
Global produced water treatment market is segmented on the basis of geography. North America is expected to largest region in global produced water treatment market. The growth of the region is due to increasing shale gas, tight oil and coal bed methane exploration and production in the region with stringent government regulations is expected to drive the market during the forecast period. Asia Pacific to witness fastest growth during the forecast period due to increasing shale gas exploration and high proven shale gas reserves in China along with implementation of regulatory policies such as First Shale Gas Policy and HELP (Hydrocarbon exploration licensing policy in India). Water scarcity in the region is anticipated to drive the demand for produced water technologies in the region.
Latin America and Europe to register steady growth over the forecast period owing to increasing exploration and production of oil reserves coupled with regulatory support is projected to drive the produced water treatment market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Produced Water Treatment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Separation Method
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Source
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
